Bhopal: Spintronics AI Semiconductors plans to establish a semiconductor design and research and development (R&D) facility in Madhya Pradesh, with a proposed investment of up to ₹2,300 crore in the upcoming phases of the project. The proposed investment is expected to create employment opportunities for around 1,500 people and strengthen the state’s semiconductor design and advanced compound semiconductor ecosystem.
The investment proposal was discussed during a one-to-one meeting between Madhya Pradesh Chief Minister Dr Mohan Yadav and Spintronics AI Semiconductors Founder and CEO Raghu Verma and Managing Director Srijith Paruchuri on Friday. The meeting took place on the first day of the Madhya Pradesh Semiconductor Summit 2026 at the Brilliant Convention Centre in Indore.
During the meeting, the company briefed the Chief Minister on its investment plans in semiconductor design, research and development, and advanced compound semiconductor technologies.
Spintronics AI Plans ₹450–550 Crore Initial Investment
Spintronics AI intends to establish a semiconductor design and R&D centre in Madhya Pradesh. According to the company’s proposal, the project will be implemented in phases. The initial phase is expected to involve an investment of ₹450 crore to ₹550 crore, while subsequent phases are planned to involve investments ranging from ₹1,800 crore to ₹2,300 crore.
The proposed project aims to promote semiconductor design, advanced technology research and pilot manufacturing activities in the state. These initiatives are expected to strengthen Madhya Pradesh’s capabilities in high-technology manufacturing and semiconductor development.
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Semiconductor Design and GaN Activities Planned in Indore and Ujjain
The company’s proposed plans include semiconductor design activities in Indore and the exploration of opportunities related to gallium nitride (GaN) technology in Ujjain. As part of the proposal, a Letter of Intent (LOI) is being provided for approximately 6,636 square feet of space at IT Park-4 in Pardesipura, Indore. The proposed facility is intended to support semiconductor design and research and development activities.
The planned investment is expected to expand the state’s semiconductor ecosystem and create opportunities for advanced research, engineering and technology development.
Project Expected to Generate Around 1,500 Jobs
The proposed investment by Spintronics AI is expected to create employment opportunities for approximately 1,500 people in Madhya Pradesh. The project is expected to support skilled employment in semiconductor design, research and development, and advanced compound semiconductor technologies. It could also strengthen the state’s talent pool in specialised electronics and semiconductor engineering.
The company has expressed interest in collaborating with universities to introduce Very Large Scale Integration (VLSI) courses, establish laboratories and organise internship programmes. These initiatives would help students gain industry-oriented technical training and practical experience.
Such collaborations are expected to improve access to specialised skills and prepare young professionals for opportunities in the growing semiconductor and electronics design industries.
Spintronics AI Seeks Government Support for Semiconductor Project
During the meeting, the company outlined its requirements for establishing the proposed facility in Madhya Pradesh. These include land, state government incentives, technical and computing infrastructure, electronic design automation (EDA) tools, access to skilled talent and faster approvals.
The company also emphasised the importance of working with universities on technical courses, laboratory facilities and internship programmes.
Chief Minister Mohan Yadav assured the company representatives of the state government’s support for their proposed investment. He discussed the opportunities available in Madhya Pradesh’s semiconductor sector and reiterated the government’s commitment to facilitating industrial development.
Mohan Yadav Invites Spintronics AI to Global Investors Summit 2027
The Chief Minister invited Spintronics AI representatives to participate in the Global Investors Summit (GIS), scheduled for January 2027. The invitation forms part of the state’s efforts to attract investments in semiconductor design, research and development, and advanced manufacturing.
The discussions at the Madhya Pradesh Semiconductor Summit 2026 highlighted the state’s focus on attracting technology-driven projects, expanding industrial infrastructure and creating skilled employment opportunities.
About Spintronics AI Semiconductors
Spintronics AI Semiconductors is a Hyderabad-based company with offices in Bengaluru and Toronto. It works in areas including application-specific integrated circuits (ASICs), systems-on-chip (SoCs), power management integrated circuits (PMICs), high-speed interfaces, radio frequency (RF) modules, analogue and mixed-signal design, and custom intellectual property (IP) design services.
Its proposed investment in Madhya Pradesh is aimed at expanding semiconductor design, advanced research and pilot manufacturing activities while strengthening the state’s position in India’s semiconductor and electronics ecosystem.
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